Working with a CPA or financial planner can help optimize tax strategies and ensure the best approach for your goals.This post does not create a CPA-Client relationship.

As active realtor, and investor I get a lot of people approaching me who want to invest. 

@Mitchell RosenbergAnother approach is the elimination method.

@Kash Tacke I'm a big fan of ADU's in general especially here in the mid west, yes you could potentially be on the front of the wave, but housing density is the solution to the affordability issue, anytime you are investing with affordability in mind is a great strategy to me, and sound like there are some incentives or at least supporting winds form the local city, that in itself seems like it would be worth at least approaching an architect or contractor to bid up some plans or concepts to take tot he city.  

Have you thought about this approach or considered a phased plan to build up your portfolio?

I’m not looking for a completely passive approach, even though I’d be managing it from outside the country.

While there are undeniable challenges—higher interest rates, tighter lending conditions, and market uncertainty—there are also unique opportunities that can make real estate a very prudent choice if approached thoughtfully.

Did you issue a formal notice, enforce any lease penalties, or take a different approach?

After talking to my guests and understanding their needs, I shifted my approach.

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.